The global IoT (Internet of Things) insurance market is on the brink of experiencing explosive growth over the next decade. The market, valued at USD 37.0 billion in 2023, is projected to skyrocket to USD 430.1 billion by 2032, driven by a compound annual growth rate (CAGR) of 30.38% from 2024 to
October 15, 2024In the rapidly evolving insurance industry, innovation in risk assessment and management stands as a pivotal theme. The integration of cutting-edge technologies and methodologies, particularly through the work of industry experts like Paraskumar Patel, is transforming how insurers evaluate and
September 27, 2024The Hartford Steam Boiler Inspection & Insurance Co. (HSB) has undergone a transformative journey, evolving from its original focus on steam boiler inspections to becoming a leader in technology-driven risk management and insurance solutions. This remarkable transition is a central topic in the
September 19, 2024In the rapidly evolving automotive industry, the integration of data analytics and Internet of Things (IoT) technologies promises a significant transformation in how insurance companies operate. One of the most groundbreaking collaborations is between Liberty General Insurance Berhad (Liberty) and
September 6, 2024Is Ondo InsurTech Positioned for Market Success with NFU Mutual Contract? Ondo InsurTech PLC, a company listed on the London Stock Exchange under the ticker LSE: ONDO, has recently garnered significant attention following its notable contract win with NFU Mutual. This contract is only one of
September 6, 2024The digital age has ushered in an era of transformation, impacting every industry, with insurance being no exception. Data analytics has emerged as a game-changer, altering how insurance companies operate, evaluate risks, and engage with customers. This article delves into the nuances of data
July 17, 2024